Circular
No.: NSE/CMO/048/2006

Download
No. NSE/CMTR/7864

Date:September 13, 2006

Dear
Members,

Sub: Automation of Bulk / Block deals data

SEBI vide its circular no. SEBI/MRD/SE/Cir-7/2004 dated
January 14, 2004 has decided that members of the Exchange shall make
disclosures to the Exchange with respect to all transactions in a scrip where
total quantity of shares bought / sold is more than 0.5% of the number of
equity shares of the company listed on the Exchange and the same shall be
disseminated on the same day to the general public by the Exchange.

Further, SEBI vide its circular no. MRD/DoP/SE/Cir-19/05 dated
September 2, 2005 issued
guidelines for execution of block deals on the stock exchanges. SEBI has
further required that the stock exchanges shall disseminate the information on
block deals to the general public on the same day, after the market hours.

Based
on member representation and to simplify the process of timely reporting of
bulk/block deals, the Exchange has decided to provide an indicative report of
bulk / block deals to the members on a daily basis after market hours (after
the client code modification facility provided by the Exchange).

Path: The reports will be downloaded to
all the members on EXTRANET
server in their respective folders in the following path “/<TM CODE>/
Bulk/Dnld” directory

File format: The file format is given
as per annexure 2.

File nomenclature: File name will be “C_BLK_<TM
CODE>_<DDMMYYYY>.csv”

Time of file download: After 17:30 hours

Cut off time for members to report in case
of any mismatch: By 18:00 hours

The
members are required to verify each and every record in the file so downloaded.
In case the information provided by the Exchange is found to be matching with
member records, the members need not send any information regarding bulk /
block deals to the Exchange. In case of any mismatch, they should fax the
entire bulk / block deal details to the Exchange within 30 minutes from the
time the indicative bulk / block deal report is downloaded in the format
prescribed as per Annexure 3. However, if no fax is received within 30 minutes
from the time the indicative bulk / block deal report is downloaded, it will be
assumed that there is no mismatch in respect of the data downloaded by the
Exchange and the same will be considered for dissemination on the Exchange’s
website.

To
facilitate the members to ascertain the number of equity shares of the company,
members may please refer the file (file name: bulkddmmyyyy.xls) which is
currently available on the extranet under common/Cmmkt directory. The file applicable for the current trading
day will be made available on the same day by 09:00 a.m. The format of
the file is as follows:

Symbol

Series

Number of equity shares of the
company

This
circular shall be effective from September
22, 2006.

For
any clarifications, members are advised to contact the following officials:

oTrades executed
in the normal market for the day with Date, Symbol, Series, member code and
Client Code combination will be considered.

oWhere the total
quantity for above combination exceeds (equal to or greater than) 0.5% of total
listed capital either on buy or on sell side then the record will be identified
as BULK deal.

oIf BULK deal is
identified on the buy side, sell side quantity for above combination in Normal market will also be considered.

oIf BULK deal is
identified on sell side, buy side quantity for above combination in Normal market will also be considered.

-For BLOCK Deal
record

oTrades executed
in the odd lot market ‘BL’ series for the day with Date, Symbol, Series, member
code and Client Code combination will be considered.

oQuantity on both
the sides (buy and sell) will be considered, if available.

-For DERIVED BULK
deal

oTrades executed
in the odd lot market ‘BL’ series for the day with Date, Symbol, Series, member
code and Client code combination will be considered.

oWhere the total
quantity for above combination exceeds (equal to or greater than) 0.5% of total
listed capital either on buy or on sell side then the record will be identified
as DERIVED BULK deal.

oIf DERIVED BULK
deal is identified on the buy side, normal market trades (if any) for Date,
Symbol, member code and Client Code combination on the buy side will be added
in the quantity. Also, quantity for the trades executed in the odd lot market
‘BL’ series and normal market trades for the aforesaid combination will be
considered for the sell side.

oIf DERIVED BULK
deal is identified on the sell side, normal market trades (if any) for Date,
Symbol, member code and Client Code combination on the sell side will be added
in the quantity. Also, quantity for the trades executed in the odd lot market
‘BL’ series and normal market trades for the aforesaid combination will be
considered for the buy side.

Illustration

Say for example, there has been a deal which qualifies
as a block deal as follows:

Symbol

Series

Client

Buy qty

Sell qty

Issue size
(no. of shares) of ACC

0.5% of
issue size to qualify as bulk deal

ACC

BL

XYZ

9,50,0000

9,50,0000

18,69,61,305

9,34,807

Since the buy or sell quantity is more than 0.5% of
issue size of ACC, this deal also needs to be reported as bulk deal. Hence such
deals have been defined as derived bulk deal.

In such case, trades executed for a particular client
in the odd lot market (‘BL’ series) and normal market, trades for both the
markets will be combined and given to the members.

Members may note that the indicative bulk / block
deals report will also contain records for derived bulk deal (refer annexure 2
for file format).

Annexure 2

The
file will be in pipe delimited format with the file name “C_BLK_<TM CODE>_<DDMMYYYY>.csv”).
The file format is as follows:

-Trade Date

-Symbol

-Security Name

-Client Code

-Client Name

-Client Address

-Issued Capital

-Threshold #

-Status (bulk, block, derived bulk deal)

-Buy Qty

-Buy Price *

-Sell Qty

-Sell Price *

# indicates 0.5% of Issued capital

* indicates trade
price / weighted average price

Annexure 3

In case of any
mismatch, members are required to send the information pertaining to bulk /
block dealson the same day of trade
in the format given below on Fax No.
022-26598155 within the cut off time: